Macquarie Technology Group, through a wholly owned subsidiary of its Macquarie Data Centres business, has exercised its option to purchase a parcel of land to construct an engineering and technology campus co-located within a ~200MW data centre campus in Macquarie Park.
It is intended that the proposed facility - a ~34,200sqm light industrial zoned development site located between Talavera Road and the M2 motorway in Macquarie Park - will be designed to incorporate advanced air cooling technology with limited water usage.
The new campus will support research, technology and learning opportunities in conjunction with Macquarie University. The company intends to continue its campus-style approach with initial construction estimated to be completed in late calendar year 2029, subject to planning and other approvals.
The campus will build on the Group’s recently announced partnership with Macquarie University and will provide practical, hands-on opportunities for students and researchers to utilise latest data centre, cyber security, AI, and cloud technologies at the new Macquarie Park campus, aiming to create pathways for students and academics to have direct experience in technology and engineering in collaboration with industry.
The purchase price of $240 million will be funded through existing cash reserves and the Group’s corporate debt facility. The company is exploring a range of options to fund the cost of construction, including but not limited to, capital recycling of existing assets and development partnerships.
Completion of the purchase is subject to standard settlement procedures and is expected to occur over the next few weeks.
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